US Oil Prices Soar 14 Percent as Trump Demands Irans Unconditional Surrender

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EnergyWest Texas Intermediate crude prices on track for biggest weekly gain on record.Iranian crude oil tanker Sevda sails near Bandare Asaluyah, Iran, on Jan. 27, 2026. Sam / Middle East Images / AFP via Getty ImagesAndrew Moran3/6/2026|Updated: 3/6/20260:00U.S. crude oil prices broke $90 per barrel on March 6 as President Donald Trump demanded an “unconditional surrender” from Iran.A barrel of West Texas Intermediate—the U.S. benchmark for oil prices—rocketed 14 percent above $92 on the New York Mercantile Exchange.

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